The post Starting from NIL: Privacy focus of Nillion appeared on BitcoinEthereumNews.com.

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. After months of delay, Nillion has officially launched its mainnet — a milestone for one of crypto’s more technically-ambitious privacy networks. Focused on the market for “blind compute,” Nillion hopes its architecture will unlock a new set of use-cases with long-term impact. Alongside mainnet is the NIL token, which debuted today on exchanges, including Binance. The mainnet was previously slated for February (under the moniker “Nilluary”), but the launch slipped into late March. “Good tech needs time to cook,” a team member quipped on the project’s Discord last month. And this wasn’t the first time. Nillion marketing head Charlie Rogers previously wrote the mainnet delay was due to the fact that “the broader economic markets and the crypto industry have been filled with uncertainty and turmoil,” and urged that “during times of uncertainty, the best path forward is to keep building.” That sounds like it could easily apply to the present day, but it was in August 2024! At the time, Nillion’s community was already eagerly awaiting the release of NIL. The project has raised $50 million across VC and angel rounds since 2022. But now the day has finally arrived. While only 19.5% of supply is circulating at launch — and a 48-month total unlock schedule — a full 80% is allocated to insiders or entities under their control. Source: Nillion The figures for early backers (21%) and core contributors (20%) are straightforward. Another 10% goes to “protocol development,” and 29% to “ecosystem and R&D” — both typically team-directed. That leaves 20% clearly earmarked for the community. Unlock cliffs hit between months 6 and 12, followed by linear vesting. Most insider allocations will be substantially unlocked within three years. Despite the typical vesting period, the structure…

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Filed under: News - @ March 24, 2025 5:29 pm